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SunSirs: China Domestic PET Market operates in a Narrow Range (August 2-9)

August 11 2022 08:52:30     SunSirs (Selena)

According to the data monitored by SunSirs, as of August 9, the pet water bottle level PET price of this week has been operating in a narrow range, with the current average price of 8,980 RMB/ ton. The overall market has been operating in a narrow range, the focus of negotiation is stable, the market supply and demand are balanced, and the logistics delivery is smooth at present.

The domestic PET price is operating in a narrow range and weak. This week, the price has been reduced slightly. At present, the market operation rate is normal, the manufacturers are active in shipping, the logistics is smooth, the profit is given away, the market transaction atmosphere is general, the negotiation atmosphere is acceptable, the downstream readiness is general, and the cost is lack of support. At present, the mainstream price is about 8,900 RMB/ ton. This week, the price has been reduced slightly. In the short term, pet is stable, medium and weak. The latest quotation of the enterprise: Shanghai quyi Industrial Co., Ltd. is 8,900 RMB/ ton, Shanghai Hongqi Plastic Technology Co., Ltd. is 8,900 RMB/ ton, and Jiangsu Sanfangxiang Group Co., Ltd. is 8,900 RMB/ ton.

Upstream ethylene glycol: the latest p-value price of ethylene glycol on August 4 was 4,441.67 RMB/ ton, down 1.3% from the previous trading day and 20.21% year-on-year.

Rubber and plastic commodity index: on August 8, the rubber and plastic index was 717 points, down 2 points from the previous year, down 32.36% from the highest point 1,060 points in the cycle (March 14, 2012), and up 35.80% from the lowest point 528 points on April 6, 2020. (Note: the period refers to December 1, 2011 to now).

SunSirs PET analysts believe that China PET market is expected to operate in a narrow range in the short term.


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